219 Peeptoad Rd, North Scituate, RI, 02857 | 2.88% Rental Yield

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219 Peeptoad Rd, North Scituate, RI, 02857 | 2.88% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in North Scituate at 219 Peeptoad Rd, North Scituate, RI, 02857 priced at $599,000 converts $1,440/mo rent into after a $2,932/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 5.02% in year one, and rental yield reads 2.88% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 23.41% and total cumulative return in cash sums $46,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $2,932/mo payment, not borrower’s personal income.

Single Family

Built in 1936

4.00 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Country Cape on 4 Acres. Endless Potential in Scituate, RI. Welcome to 219-221 Peeptoad Road, a distinctive 2- 3 bedroom Cape built in 1936, set on a beautiful 4-acre parcel in the heart of Scituate. This classic home offers a warm living room with a stunning stone fireplace (propane gas insert), a spacious eat-in kitchen, a first-floor bedroom, and a full bath. Recent updates include a new roof, heating system, and windows, giving you a solid foundation to build on. The home would benefit from some cosmetic updates or light renovation, allowing you to bring your personal style and vision to this timeless property. The land itself is rich with history. Once a harness-making and tack shop, it also features multiple barns, some of which were used to board and train Hackney ponies for driving. A 50 x 50 Indoor area provides additional space for lunging, training, or creative repurposing. With its mix of open space and functional outbuildings, the property offers endless potential for hobby farming, workshops, livestock, or storage. If you're looking for a unique property with history

Neighborhood Data

Neighborhood data shown for ZIP Code: 02857, North Scituate, RI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,639 (100%)
Owner Occupied HU	3,040 (83.5%)
Renter Occupied HU	445 (12.2%)
Vacant Housing Units	154 ( 4.2%)
Median Home Value	$479,748
Average Home Value	$533,428